Nigel is the owner of a large-scale farm valued at roughly 50 million. He employs 490 harvesters and 10 supervisors.Ekonis the owner of a multidivisionmanufacturing firm also valued at roughly 50 million. Her firm employs 5 divisional managers, 10 assistant managers, 25 supervisors and 460 various line-workers who work among the different divisions..

• Explain the importance of the budgeting process for each of these two owners.
• In what manners might the importance of controls differ between the two businesses?
• Would both likely benefit equally from zero-based budgeting? Why or why not?
• Are thebehaviouralissues that are potentially associated with budgeting likely to be different between the two ventures? If so, how?

Please provide your views (with appropriate underlying research) on the above questions.